Financial News – Sunrise scores further hires from rivals

Tom Osborn

01 Oct 2012

Sunrise Brokers, the London-based brokerage led by Financial News Rising Star Claude Amar, has made a further round of hires from its rivals in the interdealer market, as it continues its push into new asset classes.

According to the firm’s entry on the Financial Services Authority register, the number of approved persons at the firm has risen by 7% in the past three months. The hires, across the interest rate derivatives, cash and equity derivative markets, are drawn from a pool of rival interdealer-brokers, including Icap, Tradition and GFI.

Sunrise confirmed the hires, but declined to comment further. All of the firms contacted either declined to comment or did not respond to a request for comment.

Sunrise has long been the market leader in the over-the-counter equity derivatives market, with a particular strength in structured and exotic products. Last month, it was ranked as the leading broker in the equity products market for the sixth year in a row, in financial publisher Risk’s annual OTC market survey.
But the firm has been steadily scaling up its operations in other asset classes.

The firm has also stepped up its cross-market hiring efforts in hedge fund sales. In August, Bloomberg reported that Ilane Attias, a senior member of the hedge fund sales team at Goldman Sachs, would join Sunrise’s London office in October to serve as head of interest rate sales.

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